Central Bank halts licenses of 82 insurance agents

Central Bank cancelled licenses of 7 insurance agents

The Central Bank of Azerbaijan has revoked the licenses of 7 individuals to operate as insurance agents.

Increase of number of CHI services is possible

Azerbaijan to conduct personalized accounting in e-form

Personalized accounting in Azerbaijan will be carried by the insurer in e-form.

Azer Aliyev: Unfortunately, some property owners unaware of risks associated with their property

Unfortunately, today there are still real estate owners who are unaware of the risks associated with their property and approach all these processes conservatively. We are actively observing this.

Matter of reduction of life insurance payments clarified

Meqa Hayat did not compensate for last 4 months

The dynamics of the growth of compensation payments in percentage for Jan-Apr 2022 shows the leader position of Baku Sigorta (rise of 4.5-fold)

Statistics on insurers’ payments and premiums

Statistical data on compensation payments and premiums of insurance companies in Azerbaijan has been published.

7 insurers lowered compensating for past 4 months

The data has been published on the financial situation of insurance companies operating in Azerbaijan.

Turkic-speaking countries’ insurers create a joint association

An agreement on cooperation between insurance associations of six Turkic-speaking states, including Azerbaijan, has been signed.

Insurance companies’ compensations declined over Jan-Apr

The insurers compensated for AZN 93.417 million on insured events for Jan-Apr 2022 (1.9-fold less against Jan-Apr 2021).

Compulsory insurance premiums observed decline of 22%

The insurers gathered compulsory insurance premiums for AZN 91.26 million for Jan-Apr 2022 (decline of 22% versus Jan-Apr 2021).

Insurers’ premiums increased for past 4 months

The insurance companies of Azerbaijan gathered the premiums for AZN 358.8 million (5.8% more versus Jan-Apr 2022)

Zurich Insurance also abandons Russia

Swiss insurance group Zurich Insurance is leaving Russia.

Insurance company Qala Sigorta sold

100% shareholder AzRe Təkrarsığorta has sold Qala Sığorta

Ex-advisor to minister starts working at Ateshgah Sigorta

Some changes in the Board of Directors of Ateshgah Sigorta have been reported

A big staff reduction in Bakı Sigorta – 86 people dismissed

Bakı Sigorta Company has drastically reduced the number of employees.

Insurance market net profit has sharply decreased

Amount of tax paid by insurers last year announced

State Insurance Company renews logo and brandbook

As part of the rebranding of the State Insurance Company, the company's logo and brandbook have been fully updated.

Compensations to be paid in connection with the fire in Sumgait

In connection with the fire in Azersun Industrial Park of Azersun Holding LLC, an insurance compensation will be paid in Gaji Zeynalabdin Tagiyev settlement in Sumgait.